Monday, April 4, 2016

Busted: How the rich and famous hide their money....

The biggest leak of financial data in history has
revealed how 12 world leaders, the global rich and a host of celebrities
are allegedly using offshore tax havens to hide their wealth.
The so-called Panama Papers, part of a leak of 11million files,
implicate those in Russian president Vladimir Putin’s inner circle,
along with families and associates of Egypt’s former president Hosni
Mubarak, Libya’s former leader Muammar Gaddafi and Syria’s president
Bashar al-Assad.
Lord Ashcroft, Baroness Pamela Sharples and former Tory MP Michael
Mates are among the British politicians also named in the data release.
Documents were leaked from one of the world’s most secretive
companies, Panamanian law firm Mossack Fonseca, and show how the company
has allegedly helped clients launder money, dodge sanctions and evade
tax.
German newspaper Suddeutsche Zeitung obtained the files and shared
with the International Consortium of Investigative Journalists but the
identity of the source who leaked them and how it was done is unknown.Keep on reading…